Legal Opinion
National Farmers Organization, Inc. v. Kinsley Bank
Court of Appeals for the Ninth Circuit
Decided March 29, 1984No. Nos. 81-2008, 81-2075PublishedCited by 3 opinions
1Opinion of the Court
LOGAN, Circuit Judge.
The Kinsley Bank has appealed a jury verdict in favor of plaintiffs Kenneth Burk-hart (Burkhart), his wife Judy Burkhart, and David Arst, Kenneth Burkhart’s Trustee in Bankruptcy. The jury found the bank reneged on an agreement to loan Burkhart a large sum of money to purchase feeder lambs, and rendered a judgment against the bank for $196,736.83. On appeal the bank asserts three defenses to liability: that the loan was illegal because it was beyond the bank’s authorized lending limits, that the bank president lacked authority to make the loan, and that the loan…
2Cases cited25 opinions
- Mollan v. TorranceSupreme Court of the United States · 1824
- Nordstrom v. MillerSupreme Court of Kansas · 1980
- Goldstein v. Union National BankTexas Supreme Court · 1919
- Labor Discount Center, Inc. v. State Bank & Trust Co. of WellstonMissouri Court of Appeals · 1975
- Vickers v. Wichita State UniversitySupreme Court of Kansas · 1974
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3Cited by3 opinions
- Lawrence v. Jackson MacK Sales, Inc.District Court, S.D. Mississippi · 1992
- Bank Itec N v. v. J. Henry Schroder Bank & Trust Co.District Court, S.D. New York · 1985
- National Farmers Organization, Inc. v. The Kinsley BankCourt of Appeals for the Tenth Circuit · 1984